For financial professionals in the UK

Asian Dividend Income Unit Trust

Aims to capture the income and capital growth potential of companies in Asia, one of the world’s fastest-growing regions.

ISIN
GB0003243465

NAV
GBP 73.89p
As of 21/09/2023

1-Day Change
GBP -0.40p (-0.54%)
As of 21/09/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an income in excess of the income generated by the MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index with the potential for capital growth over the long term (5 years or more).

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The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in the Asia Pacific region (excluding Japan). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings.
The Fund may also invest in other assets including companies outside this region, depositary receipts, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional income for the Fund.
The Fund is actively managed with reference to the MSCI All Countries Asia Pacific Ex Japan High Dividend Yield Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's income target. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index.
As an additional means of assessing the performance of the Fund, the IA Asia Pacific ex Japan sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Well-placed to tap into the region’s strong structural growth opportunities and the shift towards a more progressive dividend culture
  • Disciplined, value-driven investment process that focuses on dividend growth and high-yielding companies
  • Aims to deliver both consistent, growing income streams and long-term capital appreciation
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Mike Kerley

Portfolio Manager

Industry since 1985. Joined Firm in 2004.

Sat Duhra

Portfolio Manager

Industry since 2000. Joined Firm in 2011.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/2023
Inc (Net) MSCI AC Asia Pacific ex Japan High Dividend Yield GR IA Asia Pacific ex Japan
 
Quarter End
As of 30/06/2023
Jun-2022 - Jun-2023 Jun-2021 - Jun-2022 Jun-2020 - Jun-2021 Jun-2019 - Jun-2020 Jun-2018 - Jun-2019
Inc (Net) -4.36 -6.23 10.63 -8.10 9.38
MSCI AC Asia Pacific ex Japan High Dividend Yield GR 2.79 2.38 13.89 -7.68 4.74
IA Asia Pacific ex Japan -3.06 -10.76 26.93 2.66 4.35

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and emerging stock markets in the Asia-Pacific region but excluding Japan. It is the income target for the Fund and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 31/08/2023
Inc (Net) MSCI AC Asia Pacific ex Japan High Dividend Yield GR IA Asia Pacific ex Japan
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
04/05/1994
Inc (Net) -3.18 -6.04 -10.18 -0.36 -0.77 4.17 7.04
MSCI AC Asia Pacific ex Japan High Dividend Yield GR -3.16 2.64 0.09 7.85 2.91 7.01 6.05
IA Asia Pacific ex Japan -4.35 -3.86 -7.67 1.31 3.01 6.87 5.92

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and emerging stock markets in the Asia-Pacific region but excluding Japan. It is the income target for the Fund and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
As of 30/06/2023
Inc (Net) MSCI AC Asia Pacific ex Japan High Dividend Yield GR IA Asia Pacific ex Japan
2022 2021 2020 2019 2018
Inc (Net) -2.72 -0.05 -2.16 15.77 -6.22
MSCI AC Asia Pacific ex Japan High Dividend Yield GR 3.18 8.11 -1.42 11.43 -8.32
IA Asia Pacific ex Japan -6.78 1.48 19.95 15.86 -9.81

Index Description

The MSCI All Countries Asia-Pacific (Ex Japan) High Dividend Yield Index is a measure of the combined performance of large and medium sized companies that pay above average dividends across developed and emerging stock markets in the Asia-Pacific region but excluding Japan. It is the income target for the Fund and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year Inc (Net) Index
2022 -2.72 3.18
2021 -0.05 8.11
2020 -2.16 -1.42
2019 15.77 11.43
2018 -6.22 -8.32
2017 19.06 25.43
2016 23.88 27.70
2015 -4.15 -3.85
2014 8.18 9.51
2013 2.80 1.73
2012 21.10 17.24
2011 -12.60 -14.75
2010 20.41 22.14
2009 46.96 54.61
2008 -39.20 -33.03
2007 34.13 34.88
2006 15.10 16.84
2005 31.47 35.33
2004 10.32 14.71
2003 46.62 33.70
2002 -2.52 -14.21
2001 4.35 0.18
2000 -14.90 -24.44
1999 94.50 54.68
1998 -6.10 -5.47
1997 -28.43 -31.57
1996 3.60 1.28
1995 3.49 6.90
1994 from 04/05/1994 6.23 -2.67
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 31/01/2023)
1.52%

Portfolio

Top Holdings (As of 31/08/2023)
% OF FUND
Taiwan Semiconductor Manufacturing 5.27
Macquarie Korea Infrastructure Fund 4.47
Samsung Electronics 3.37
Vinacapital Vietnam Opportunity Fund Ltd USD 3.36
Hon Hai Precision Industry 2.92
NTPC 2.86
Macquarie Group 2.80
Lenovo Group 2.80
Woodside Energy Group 2.66
BHP Group 2.64

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives to help achieve its investment objective. This can result in leverage (higher levels of debt), which can magnify an investment outcome. Gains or losses to the Fund may therefore be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund may incur a higher level of transaction costs as a result of investing in less actively traded or less developed markets compared to a fund that invests in more active/developed markets. These transaction costs are in addition to the Fund's Ongoing Charges.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Some documents are available in alternative formats. Click here for information on how to request them.